Ranjeet Mechatronics Limited is set to open for subscription on Wednesday, September 12, 2018, with total issue size of Rs 4.5 crore.
The company has fixed price band for the offer at Rs 25 per share. Bids can be made for a minimum lot of 6,000 equity shares and in multiples of 6,000 equity shares thereafter.
The book running lead managers to the offer is Beeline Broking Ltd while Alankit Assignments Ltd is the registrar to the issue.
Equity shares are proposed to be listed on Bombay Stock Exchange (BSE).
The company proposed to open its initial public offering of 1,800,000 equity shares on Wednesday, which comprises an offer for sale by Mr. Rakesh Vallabhbhai Swadia and Devarshi Rakesh Swadia (promoters).
It is a fixed price issue with face value of Rs 10.
Ranjeet Mechatronics is the Ahmedabad based company which is incorporated in 1993. The company is doing a business of firefighting solutions as a system integrator. It has distributorship of fire pumps and fire engines of Kirloskar. It provides end to end solution of installation, designing, commission, testing, implementation, management and operational support for security and fire solutions.
Ranjeet Mechatronics IPO Reviews & Recommendations:
- Apply for listing gain. Good company to invest for long terms
Ranjeet Mechatronics IPO & Issue Details
|Subscription Dates||12 – 17 September 2018|
|Issue Price Band||INR 25|
|Minimum bid (lot size)||6000 Shares|
|Minimum Lot Amount||INR 150000|
|Face Value||INR 10 per share|
|IPO Size||INR 4.50 Cr|
|Issue Type||Book Built Price Issue IPO|
|Listing At||BSE SME|
Ranjeet Mechatronics IPO Financial Performance (in INR Crore)
Ranjeet Mechatronics IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
Ranjeet Mechatronics IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 12 Sept 2018
- Bid/Offer Closes On: 17 Sept 2018
- Basis of Allotment: On or about – 21 Sept 2018
- Refunds Status: On or about – 25 Sept 2018
- Credit of Equity Shares to demat accounts: On or about – 25 Sept 2018
- Listing Date: On or about – 26 Sept 2018
Allotment Status Alankit.com – Ranjeet Mechatronics IPO : Check Here
Ranjeet Mechatronics IPO Issue Object
- Net Incremental Working Capital Requirement
- General corporate Purpose
Ranjeet Mechatronics IPO Prospectus:
Ranjeet Mechatronics IPO Lead Manager(s):
- Beeline Broking Ltd
Ranjeet Mechatronics IPO Promoters:
- Mr. Rakesh Vallabhbhai Swadia
- Devarshi Rakesh Swadia
Company Contact Information:
Ranjeet Mechatronics Limited
Block A, 407 – 4th Floor
Dev Aurum, Anand Nagar Cross Road
Prahladnagar Road, Ahmedabad – 380 015
Phone : 079 – 4000 9390
Email: [email protected]
Ranjeet Mechatronics IPO Registrar:
Alankit Assignments Ltd
Alankit House 2E/21,
New Delhi – 110055
Phone : (011) 4254 1234
Fax: (011) 4254 1967
Email: [email protected]
Website : http://www.alankit.com